Long
Cypher QKC/BTC
I’ve been studying Cypher patterns this morning and came up with a first case (still to be validated) on Quarkchain.
Price need to go up to 1068 sats without breaking 1078 sats (there is a historical resistance at that point), then retrace down to 940 - 910 sats to pump up again. Stop between 885 and 860 sats. Targets at +10% with a risk / reward ratio of 2.
The hypothesis need to be validated by a return of the trend at 1070 sats, without this I won’t try it.
Price need to go up to 1068 sats without breaking 1078 sats (there is a historical resistance at that point), then retrace down to 940 - 910 sats to pump up again. Stop between 885 and 860 sats. Targets at +10% with a risk / reward ratio of 2.
The hypothesis need to be validated by a return of the trend at 1070 sats, without this I won’t try it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.